Updated December 25, 12:21 p.m. Pacific: Added details of xAI's valuation and Kingdom Holdings' contribution. xAI, Elon Musk's AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others participated. Kingdom Holdings, the Saudi conglomerate holding company, invested roughly $400 million in the...
Continue ReadingDow Jones Futures: Markets Closed After Santa Left Gifts; Tesla Surges...
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Continue ReadingTesla's current valuation reflects significant optimism in new ventures like Robotaxi, FSD, and Humanoid robot. Find out why I rate TSLA stock a Sell...
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Continue ReadingThe S&P 500 jumped 1.1% in a shortened Christmas Eve trading session Tuesday, Dec. 24, 2024, boosted by strength in the tech sector...
Continue ReadingUS benchmark equity indexes rose Tuesday as markets closed early on Christmas Eve, with Tesla (TSLA)...
Continue ReadingWall Street kicked off the Santa Rally season on a positive note, with all major indices and sectors closing higher in a shortened session ahead of the Christmas holiday. The S&P 500 climbed 1%, extending its gains for a third consecutive session following last week’s volatile Federal Reserve meeting. The Dow Jones Industrial Average rose 0.9%, while the tech-heavy Nasdaq 100 gained 1.3%, nearly erasing last week’s losses. Consumer discretionary stocks, the top-performing sector of the year, led...
Continue ReadingTesla (NASDAQ: TSLA) stock investors received an early Christmas gift from Hyundai (OTC: HYMTF) this morning: at least 112,000 new potential customers for its Supercharger electric car charging system. Tesla stock is up 4.5% through 10:45 a.m. ET on the news. Tesla spent the bulk of 2023 reporting a series of alliances with other carmakers around the world, in the form of announcements that these other carmakers -- Hyundai, Honda, GM, Ford Motor Company, and others -- would switch their electric cars' primary charging technology from the putative "Common Charging System" for all carmakers, to Tesla's North American Charging Standard (NACS) instead...
Continue ReadingTesla's shares were the S&P 500's top gainers Tuesday as the Magnificent Seven big tech stocks rose on Christmas Eve...
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